Madison Dearborn Partners, LLC (MDP) will increase its investment ratio in Amynta Group. Madison is in the news for acquiring all of the equity interests of Amynta. Madison Dearborn is a leading Chicago-based private equity investment firm, and Amynta is a leading insurance company. In addition, Madison will develop interests in the name of AmTrust Financial Services, Inc. ("AmTrust") and plans to build significant ownership investment in Amynta. The terms of the transaction of investment amount are not disclosed yet.
While the news became popular among the leading policy business leaders, Rob Giammarco, Chairman and Chief Executive Officer of Amynta, was asked to give insights.
MDP has been a wonderful partner for Amynta, and we will continue to value their expertise, insight, and support of our vision and commitment as we embark on our next chapter of growth. The increased investment from MDP will foster the ability to drive the continued expansion of our business. We are grateful for AmTrust's strong support and value-added partnership since Amynta's formation and look forward to building on our very successful commercial relationship, delivering strong capacity to the market."
Rob Giammarco.
We initially invested in partnership with Rob Giammarco and the Amynta team several years ago ahead of an ambitious journey to build a preeminent underwriting services platform. Amynta has since charted an impressive growth trajectory through organic investments in underwriting, new business development, and strategic acquisitions to create a scaled value proposition to its carriers, customers, and partners. AmTrust has been a great partner in building the business, and we appreciate their unwavering support of Amynta over the years. Amynta has many exciting and an even wider range of opportunities ahead, and we are pleased to build on our partnership with the Company and its talented team through this next chapter."
Vahe Dombalagian, Managing Director and Co-Head of the MDP Financial & Transaction Services team
We greatly value our partnership with Amynta and its management team and look forward to the Company's continued success. We have tremendous respect for the underwriting excellence Amynta brings to the market are pleased to continue our strong commercial partnership, with many opportunities for growth in the future. Amynta was a very successful investment for AmTrust, and our equity sale creates an opportunity to reinvest in the continued growth of our firm and capitalize on the many attractive underwriting opportunities in the market."
Barry Zyskind, Chairman and Chief Executive Officer of AmTrust Financial Services
Amynta was established in 2018. Today, it is one of the largest underwriting managers in the United States. It has distributed a wide range of property & casualty and warranty protection services and products. The company creates a customer-centric underwriting platform with various leading insurance carriers and distribution partners. Amynta delivered innovative insurance solutions and solved customers' needs by providing best-in-class underwriting and service. Since 2018, Amynta has managed insurance premiums of over $3.5 billion and has earned a total net revenue of nearly $600 million. Amynta operates from 32 offices across the U.S., Australia, United Kingdom, and Canada.